TY - JOUR T1 - Assessing Fixed-Income Fund Manager Style and Performance from Historical Returns JF - The Journal of Fixed Income SP - 15 LP - 25 DO - 10.3905/jfi.2001.319280 VL - 10 IS - 4 AU - David T. Brown AU - William J. Marchshall Y1 - 2001/03/31 UR - https://pm-research.com/content/10/4/15.abstract N2 - A fixed income money manager's style and the extent to which the manager's style effects the fund performance is typically determined by examining the positions taken by the manager. However, in many cases detailed data on the portfolio holdings over a long time period are not available. This article develops a methodology for estimating an active fund manager's style and the sources of over or underperformance using only historical returns. ER -